Bill > S1935

This bill allows cities and towns in Massachusetts to provide tax rebates to residential property owners who received a residential tax exemption in the previous fiscal year. Specifically, the bill enables municipalities to voluntarily adopt a provision that would issue uniform rebates to eligible taxpayers, with the rebate amount to be calculated by the local treasurer. The rebates would be in addition to existing tax exemptions under state law, but with an important limitation: after applying all exemptions and the rebate, the property's taxable valuation cannot be reduced below 10% of its full market value, unless a specific law provides otherwise. This means that while the rebate can provide financial relief to qualifying homeowners, it cannot entirely eliminate a property's tax burden. The bill gives local governments the option to implement these rebates, making it a permissive rather than mandatory measure that provides flexibility for municipal tax policy.

Budget and Finance

https://malegislature.gov/Bills/194/S1935